Category Archive: Cryptocurrency, No picture
Polymarket users outperform economists in predicting US rate cuts
Key Takeaways 54% of Polymarket users correctly predicted the 50 bps Fed rate cut, outperforming 92% of economists. The crypto market value grew by 3.7% following the rate cut, while equities markets closed negatively. Share this article The majority of economists’ forecasts for the Fed interest rate decision on Sept. 18 were wrong, with 105 […]
German banking giant rolls out Bitcoin, Ether trading and custody services
Key Takeaways Commerzbank is offering Bitcoin and Ether trading services to German corporate clients. The bank ensures high security for crypto trading and custody with a Deutsche Boerse partnership. Share this article Commerzbank, a major German bank, has partnered with Crypto Finance, a subsidiary of Deutsche Börse, to offer Bitcoin and Ether trading and custody […]
Sui Network TVL soars to record high, SUI price up 30%
Key Takeaways Sui Network’s TVL surged to $810.5 million, a 283% increase year-to-date. SUI token price increased by over 30% in the past week, now trading at $1.3. Share this article The total value locked (TVL) on the Sui Network surged to a record of $810.5 million on September 19, according to data from DefiLlama. […]
SEC charges Rari Capital and co-founders over unregistered securities
Key Takeaways Rari Capital and its co-founders settle with the SEC over unregistered securities offerings. The SEC continues to enforce regulations in the DeFi sector, emphasizing economic realities over labels. Share this article The US Securities and Exchange Commission (SEC) has settled charges with Rari Capital and its co-founders for unregistered securities offerings and misleading […]
Bitcoin jumps close to $61,000, then pulls back after Fed’s rate cut
Key Takeaways Bitcoin and S&P500 both increased following the Fed’s rate cut. The crypto market cap increased by over 3% in the last 24 hours. Share this article Bitcoin (BTC) experienced a sudden increase, approaching $61,000 shortly after the Federal Reserve (Fed) lowered US interest rates by 0.5%, its first cut in over 4 years. […]
Ethena Labs suffers frontend attack, confirms protocol remains unaffected
Key Takeaways Ethena’s frontend compromise has led to significant user risk. The protocol’s USDe token is backed by crypto assets and futures. Share this article Ethena, a synthetic dollar protocol built on Ethereum, has suffered a frontend compromise, prompting warnings for users to avoid interacting with its user interface or links. News of the compromise […]
Cencora pays $75 million in Bitcoin in the largest known case of ransomware attack
Key Takeaways Cencora paid $75 million in Bitcoin, the largest known cyber extortion payment to date. The healthcare sector is increasingly targeted for high-value ransomware attacks. Share this article Cencora Inc., a major drug distributor, paid $75 million in Bitcoin (BTC) to hackers following a ransomware attack, marking the largest known cyber extortion payment to […]
Chromia unveils $20 million data and AI fund, plans Asgard upgrade
Key Takeaways The fund will foster data cleaning and automation in the blockchain industry. The Asgard mainnet will introduce Extensions, customized chains bringing new functionalities to the platform. Share this article Chromia, a layer-1 relational blockchain, has announced a $20 million Data and AI Ecosystem Fund and the upcoming ‘Asgard’ Mainnet Upgrade at TOKEN2049 Singapore. […]
Bitwise CIO highlights BTC as key risk-on asset as ETF inflows surge amid 50bps rate cut possibility
Key Takeaways Bitcoin ETFs recorded $502 million in inflows over four trading days amid Fed rate cut speculation. Fidelity’s FBTC led recent inflows with $175.3 million, outpacing other major ETF providers. Share this article Spot Bitcoin exchange-traded funds (ETF) registered inflows for the fourth consecutive day, as the market considers the possibility of a 50 […]
Goldman Sachs, Coinbase alumni debut TrueX, a stablecoin-centric crypto exchange
Key Takeaways TrueX introduces a stablecoin-centric trading platform, aiming for minimal slippage between various stablecoins. The exchange secures $9 million in seed funding and collaborates with major crypto investors and companies. Share this article Vishal Gupta, former head of exchange at Coinbase, and Patrick McCreary, a former Coinbase engineer, have launched a new crypto exchange, […]
